Stock Market & Financial Investment News

Time Warner merger could change Warner Bros. spot in tv landscape, WSJ saysFollowing news of Time Warner (TWX) rejecting a takeover bid from 21st Century Fox (FOXA), people close to Warner Bros. said that such a deal could threaten the studio's position as the strongest independent supplier of television shows, according to The Wall Street Journal. Warner produces hit shows for CBS (CBS), such as "The Big Bang Theory," Disney's (DIS) ABC, such as "The Middle," and Comcast's (CMCSA) NBC, such as "The Voice," the report noted. Reference Link

21st Century Fox, Discovery held preliminary merger talks, AFR reports21st Century Fox (FOXA) executives met with their counterparts at Discovery Communications (DISCA) nearly two weeks ago to discuss a possible takeover offer, The Australian Financial Review reports, citing sources. According to the sources, discussions were "nascent" and talks are in the "very, very early days." A spokesperson for 21st Century Fox has denied talks took place. Reference Link